3-18 Early Morning Ethereum Market Analysis #BTC #ETH
From a technical perspective, both the daily and 4-hour charts show obvious pressure after rallying higher. Price encountered resistance at the upper Bollinger Band and pulled back; the channel is gradually narrowing and flattening, with the uptrend temporarily pausing as we enter a correction and decline phase in the short term. The 4-hour rebound lacks strength and has broken below the key moving average support again, with the K-line falling below the MA7 and the middle band of the Bollinger Bands. Previous support has turned into resistance, and the bearish structure is gradually being established. The daily chart shows a top reversal, with 4-hour indicators moving downward from their highs; signs of top divergence are appearing, and upward momentum is clearly weakening.
3-18 Early Morning Ethereum Market Analysis #BTC #ETH
From a technical perspective, both the daily and 4-hour charts show obvious pressure after rallying higher. Price encountered resistance at the upper Bollinger Band and pulled back; the channel is gradually narrowing and flattening, with the uptrend temporarily pausing as we enter a correction and decline phase in the short term. The 4-hour rebound lacks strength and has broken below the key moving average support again, with the K-line falling below the MA7 and the middle band of the Bollinger Bands. Previous support has turned into resistance, and the bearish structure is gradually being established. The daily chart shows a top reversal, with 4-hour indicators moving downward from their highs; signs of top divergence are appearing, and upward momentum is clearly weakening.
Operational Suggestions:
Short near 2330-2350, target around 2150-2200 #Gate广场AI测评官 #比特币站上7.5万美元 #加密市场上涨